Here's What Key Metrics Tell Us About Monster Beverage (MNST) Q2 Earnings

Core Insights - Monster Beverage reported $1.9 billion in revenue for the quarter ended June 2024, a year-over-year increase of 2.5% with an EPS of $0.41 compared to $0.39 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.02 billion, resulting in a surprise of -6.04%, while the EPS also missed the consensus estimate of $0.45 by -8.89% [1] - Key metrics provide better insight into the company's underlying performance, influencing both top- and bottom-line results [1] Financial Performance - Net Sales for Alcohol Brands were reported at $41.56 million, significantly below the average estimate of $61.09 million, representing a year-over-year decline of -32% [3] - Net Sales for Strategic Brands reached $109.22 million, slightly above the average estimate of $105.17 million, showing a year-over-year increase of +9.6% [3] - Net Sales for Other categories were $1.74 billion, compared to the estimated $1.86 billion, reflecting a year-over-year increase of +3.3% [3] - Net Sales for Monster Energy Drinks were reported at $7 million, below the average estimate of $8.05 million, indicating a year-over-year decrease of -4.2% [3] Stock Performance - Monster Beverage shares returned +1.4% over the past month, contrasting with the Zacks S&P 500 composite's -6.5% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]